Marshall, the privately-funded, family-owned dealer group has today
completed its acquisition of the F. Cross & Sons businesses in
Grimsby and Scunthorpe, comprising:
It also includes Authorised
Repairer businesses for Volkswagen Commercial Vehicles in Grimsby
and Renault in Scunthorpe. Around 120 former F. Cross & Son
colleagues have transferred to Marshall under the terms of the
agreement.
Commenting on the deal, Marshall Chief Executive, Daksh Gupta said:
“We are delighted to be acquiring these businesses and to welcome
our new colleagues to Marshall. F. Cross & Son is another family
owned business, like Marshall, and we share many of the same
values.”
F. Cross & Son was founded in 1958 by Fred Cross and has remained
a family business from that time. Marshall was founded in 1909 by
David Marshall and its current chairman, Sir Michael Marshall is the
third generation of the family to chair the family business.
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Daksh Gupta added: “We are excited to be partnering Volkswagen,
both with passenger cars and with light commercial vehicles, at these
new businesses. Since we started out with our new strategy in 2008,
we have been very keen to partner with both brands and build on our
existing relationship with the wider Volkswagen Group. Volkswagen is
one of the most highly respected automotive brands globally and we
are looking forward to building a strong relationship them in the
coming months and years. This acquisition is consistent with our
strategy to grow nationally to minimise our over exposure to East
Anglia and grow with scalable businesses as well as to build depth to
our relationships with key brand partners like the Volkswagen Group.”
Spencer Clayton-Jones, National Franchise Manager for Volkswagen
UK commented: “F. Cross & Son has been a partner of Volkswagen in
the UK for over two decades and been part of the significant growth
the Brand has enjoyed during that time. We are very grateful to the
Cross family for representing the Volkswagen brand for so long and
for developing a strong local reputation for both businesses, and wish
them every success for the future. Going forward, we are pleased to
welcome the Marshall Group to Volkswagen at such an exciting time
for the Brand with the launch of both up! and Beetle in 2012. We look
forward to working with the Marshall Group and enjoying the next
phase of development and growth.”
Closing, Daksh Gupta said: “We are also glad to be deepening further
our relationship with Kia and extending our representation to three
sites with this growing brand. The Scunthorpe Kia business is one of
the oldest in the country with that brand.” |
